The foreign exchange service industry in the DACH region is a dynamic and vital segment of the financial markets. It facilitates the exchange of currencies, enabling international transactions for businesses and individuals. Various companies operate here, including banks, trading platforms, and fintech startups, each offering services such as currency trading, cross-border payments, and risk management. With advancements in technology, the industry is rapidly evolving, embracing digital currencies and innovative payment solutions. In particular, a focus on enhancing efficiency and minimizing costs drives significant transformations in how foreign exchange services are delivered and experienced.


The investors listed are a blend of corporate and venture capital entities, primarily headquartered in major cities like Frankfurt, Zurich, and Berlin. With investment sizes varying from small startups to large enterprises, these firms range in size from over 10,000 employees to small teams of fewer than ten. Founded between 1870 and 2022, they collectively engaged in 236 investments in the foreign exchange service sector during 2024. This combination of experience and youthful adaptability reflects a strong commitment to advancing financial technologies within the DACH region.


Top 19 Foreign Exchange Service Investors in DACH


1. Speedinvest

  • Website: speedinvest.com
  • Type: Venture Capital
  • Headquarters: Vienna, Vienna, Austria
  • Founded year: 2011
  • Headcount: 51-200
  • Number of deals in 2024: 45
  • LinkedIn: speedinvest

Speedinvest is a venture capital firm based in Vienna, Austria, founded in 2011. The firm specializes in funding early-stage tech startups across Europe, providing both capital and hands-on support to help these companies scale and navigate growth challenges. Speedinvest's investment focus spans various technology sectors, including Deep Tech, Fintech, and SaaS. Notably, they have invested in Fiat Republic, a UK-based Banking-as-a-Service platform that recently raised $7 million to strengthen banking partnerships and expand into new territories, indicating their interest in the intersection of traditional banking and digital finance. Additionally, they have invested in Bnext, a neobank that raised significant funds in Series A rounds, further showcasing their commitment to the financial services sector. Speedinvest leverages a vast network of industry experts to assist their portfolio companies, enhancing their potential for success in the competitive financial technology landscape.


2. Deutsche Bank

  • Website: db.com
  • Type: Corporate
  • Headquarters: Frankfurt, Hesse, Germany
  • Founded year: 1870
  • Headcount: 10001+
  • Number of deals in 2024: 32
  • LinkedIn: deutsche-bank

Deutsche Bank AG, founded in 1870 and headquartered in Frankfurt, Hesse, Germany, is a leading investment bank and financial services provider. With over 10,000 employees, the bank serves corporate and institutional clients by offering a comprehensive suite of financial solutions, including investment banking, corporate banking, cash management, trade finance, and securities services. In 2024, Deutsche Bank was involved in several notable transactions, including a $60 million investment in Partior, a company focused on improving payment systems, and a $20 million follow-up investment in the same company. These transactions highlight Deutsche Bank's commitment to advancing financial technologies that can streamline foreign exchange processes. Furthermore, their participation in significant debt financing transactions, such as the $1.08 billion raised by Turk Eximbank, showcases their active role in the broader financial markets, which includes foreign exchange services.


3. Deutsche Börse

  • Website: deutsche-boerse.com
  • Type: Corporate
  • Headquarters: Eschborn, Hesse, Germany
  • Founded year: 1990
  • Headcount: 10001+
  • Number of deals in 2024: 3
  • LinkedIn: deutsche-borse

Deutsche Börse AG, founded in 1990 and based in Eschborn, Hesse, Germany, is a leading financial services company that provides a comprehensive range of solutions including trading, clearing, and investment management services. With a workforce of over 10,000 employees, Deutsche Börse serves asset managers and institutional investors, facilitating efficient market operations and investment strategies through advanced technology and analytics. Notably, Deutsche Börse made a significant entry into the foreign exchange market by acquiring 360T for EUR 725 million in 2015, enhancing its trading capabilities in the $5.3 trillion a day currency markets. In 2020, they further expanded their portfolio by acquiring Clearstream for over $800 million, which complements their trading and clearing services. Additionally, their participation in the Series C funding round for HQLAᵡ, alongside major financial institutions, highlights their commitment to innovative financial technologies that can influence the foreign exchange sector.


4. Six

  • Website: six-group.com
  • Type: Corporate
  • Headquarters: Zurich, Zurich, Switzerland
  • Founded year: 2008
  • Headcount: 1001-5000
  • Number of deals in 2024: 8
  • LinkedIn: sixgroup

SIX is a corporate investor based in Zurich, Switzerland, founded in 2008. The company operates key financial market infrastructure and provides a variety of services including securities transactions, payment processing, and financial information services. With a workforce of 1001-5000 employees, SIX plays a crucial role in facilitating efficient and secure financial market operations. In recent years, SIX has been involved in several significant transactions that highlight its commitment to enhancing its service offerings in the financial sector. Notably, they acquired PayLife GmbH, a leading Austrian card provider, which strengthens their position in payment services. Additionally, their investment in Keyrock, a crypto market maker, demonstrates their interest in the evolving landscape of digital currencies and related financial services. Furthermore, their participation in funding rounds for fintech ventures like Relio indicates a strategic focus on innovative financial solutions that could include foreign exchange services.


5. Picus Capital

  • Website: picuscap.com
  • Type: Venture Capital
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 28
  • LinkedIn: picus-capital

Picus Capital is a venture capital firm based in Munich, Bavaria, Germany, founded in 2015. The firm specializes in early-stage technology investments and partners with innovative startups across various sectors, including fintech and healthcare. Picus Capital provides not only capital but also strategic guidance and HR support to empower entrepreneurs in building sustainable category leaders globally. Notably, Picus Capital has been involved in several funding rounds for Aspire, a Singapore-based banking challenger that has raised significant capital to enhance its product offerings and expand its presence in the financial services market. Their investments in Aspire, which include a Series A, Series B, and Series C funding rounds, highlight their commitment to supporting companies that operate within the fintech space, which often encompasses foreign exchange services. Additionally, Picus Capital's recent investment in D2X Group further demonstrates their active role in the technology and financial sectors.


6. Point Nine

  • Website: pointnine.com
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2011
  • Headcount: 11-50
  • Number of deals in 2024: 16
  • LinkedIn: point-nine-capital

Point Nine is a venture capital firm based in Berlin, Germany, founded in 2011. The firm specializes in investing in early-stage companies, particularly in the SaaS, enterprise software, and B2B marketplace sectors. They provide funding at the seed stage and are committed to participating in subsequent funding rounds to help startups scale their operations. Notably, Point Nine has invested in Revolut, which raised over $9 million in Series A funding in 2016 and is recognized for its innovative foreign exchange services and financial technology solutions. Additionally, they have invested in Bitbond, a bitcoin lending platform that raised funds in various rounds, highlighting their engagement in the fintech space. These investments reflect Point Nine's focus on technology startups that are shaping the future of financial services, including foreign exchange.


7. CommerzVentures

  • Website: commerzventures.com
  • Type: Venture Capital
  • Headquarters: Frankfurt, Hesse, Germany
  • Founded year: 2014
  • Headcount: 1-10
  • Number of deals in 2024: 6
  • LinkedIn: commerzventures

CommerzVentures is a venture capital firm based in Frankfurt, Hesse, Germany, founded in 2014. The firm specializes in investing in fintech startups and manages €550 million across three funds. CommerzVentures provides advisory services to help these startups grow and succeed in the competitive financial technology sector. Notably, they have invested in companies like eToro, which raised $12 million in Series D funding in 2015 and is a prominent player in the foreign exchange trading space. Additionally, their investments in Runa and Alviere, both of which are involved in financial technology solutions, further demonstrate their commitment to the fintech landscape, which often intersects with foreign exchange services.


8. Laser Digital

  • Website: laserdigital.com
  • Type: Corporate
  • Headquarters: Zurich, Zurich, Switzerland
  • Founded year: 2022
  • Headcount: 51-200
  • Number of deals in 2024: 25
  • LinkedIn: laserdigital

Laser Digital is a financial services firm based in Zurich, Switzerland, founded in 2022. The firm specializes in digital assets and offers a range of services including trading, asset management, and investment solutions aimed at institutional investors. They focus on helping clients navigate the complexities of the digital market by combining traditional finance practices with innovative digital asset strategies. In 2023, Laser Digital acquired Elysium Technology Group, a provider of post-trade solutions for OTC foreign exchange and digital assets, highlighting their commitment to the foreign exchange service sector. Additionally, they have participated in funding rounds for companies like Crossover Markets Group, which specializes in digital asset solutions, further demonstrating their active role in the evolving landscape of digital finance and foreign exchange services.


9. Symbiotics

  • Website: symbioticsgroup.com
  • Type: Venture Capital
  • Headquarters: Geneva, Geneva, Switzerland
  • Founded year: 2004
  • Headcount: 51-200
  • Number of deals in 2024: 1
  • LinkedIn: symbiotics

Symbiotics is an investment management firm based in Geneva, Switzerland, specializing in impact investing and asset management. Founded in 2004, the firm provides tailored financial solutions to institutional investors, including pension funds and development finance institutions, with a focus on emerging and frontier economies. Symbiotics aims to facilitate sustainable economic development through its investments, asset management, and capacity building initiatives. Notably, they have made significant investments in the digital payments sector, including a $9 million investment in Zeepay, a leading cross-border payments company, which aims to enhance its remittance services. Additionally, they invested in TerraPay, raising $23.8 million to scale up digital transaction volumes globally. Their involvement in these transactions highlights their commitment to supporting financial technology that enhances cross-border payment solutions, making them a relevant player in the foreign exchange service industry.


10. tokentus investment AG

  • Website: tokentus.com
  • Type: Venture Capital
  • Headquarters: Frankfurt, Hesse, Germany
  • Founded year: 2019
  • Headcount: 1-10
  • LinkedIn: tokentus

Tokentus investment AG is a venture capital firm based in Frankfurt, Hesse, Germany, founded in 2019. The firm specializes in blockchain technology and aims to provide reliable investment opportunities and expertise in navigating the blockchain landscape. Tokentus has a diverse portfolio, including significant investments in companies that operate in the financial services sector. Notably, they participated in the $60 million Series A funding round for BCB Group, which provides business accounts and liquidity in the foreign exchange market. Additionally, they invested in Ownera, which is focused on unlocking the institutional tokenized securities market, and Adhara, which develops banking solutions that may include foreign exchange functionalities. These transactions highlight Tokentus's engagement with companies that are relevant to the foreign exchange service industry.


11. 1kx

  • Website: 1kx.network
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2018
  • Headcount: 11-50
  • Number of deals in 2024: 19
  • LinkedIn: 1kxnetwork

1kx is a venture capital firm based in Berlin, Germany, founded in 2018. The firm specializes in the cryptocurrency sector, focusing on ecosystem growth and providing advisory services to founders in the web3 space. They help bootstrap token networks and achieve economic sustainability, emphasizing community engagement and hands-on support in the creation and design of token models. Notable transactions include their involvement in funding projects like Eco, Cryptio, and Kiln, which are part of the broader cryptocurrency ecosystem. Particularly relevant is their investment in Futureswap, a decentralized perpetuals protocol, which aligns with trading and exchange services, indicating their interest in projects that may intersect with foreign exchange services. Additionally, their participation in funding rounds for decentralized capital markets protocols like Alkimiya further highlights their engagement in financial services that could relate to foreign exchange.


12. responsAbility Investments AG


Responsability Investments AG is an impact investment firm based in Zurich, Switzerland, founded in 2003. The firm specializes in managing investments in emerging markets, focusing on financial inclusion, climate finance, and sustainable food production. They provide investment solutions aimed at generating positive societal and environmental impacts alongside financial returns, particularly for small and medium-sized enterprises in developing countries. Notably, responsAbility has been involved in significant transactions that align with the financial services sector, such as their investment in Wave Mobile Money, which aims to enhance digital payments and mobile money services in West Africa. Additionally, their investments in TBC Uzbekistan, a financial institution, further demonstrate their engagement in the banking sector, which is closely related to foreign exchange services. Their acquisition of a stake in Bank Lviv also highlights their commitment to investing in the recovery of banking sectors in emerging markets, potentially impacting foreign exchange operations in those regions.


13. L1d Ag

  • Website: l1d.com
  • Type: Corporate
  • Headquarters: Zurich, Zurich, Switzerland
  • Founded year: 2018
  • Headcount: 11-50
  • Number of deals in 2024: 5
  • LinkedIn: l1digital

L1D AG is an investment management firm based in Zurich, Switzerland, specializing in institutional investing in cryptocurrency. Founded in 2018, the firm provides portfolio management, investment advisory, and asset management services to institutional clients, helping them navigate the complexities of the crypto market. L1D AG emphasizes aligning incentives with investors and leveraging a global network to access exceptional investment opportunities. Notably, L1D AG has participated in significant funding rounds for companies like BCB Group, which offers business accounts and liquidity services in both cryptocurrency and foreign exchange markets, indicating their engagement with the foreign exchange service sector. Additionally, their involvement with other crypto-focused firms like Amber Group and Wintermute further highlights their active role in the evolving financial landscape that intersects with foreign exchange services.


14. BlueYard Capital

  • Website: blueyard.com
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2016
  • Headcount: 1-10
  • Number of deals in 2024: 9
  • LinkedIn: blueyard-capital

BlueYard Capital is a Berlin-based venture capital firm founded in 2016, specializing in early-stage investments across a variety of innovative sectors, including cryptocurrency, biotechnology, and engineering. The firm is dedicated to supporting entrepreneurs by providing funding and resources to develop groundbreaking technologies that address significant global challenges. Notably, BlueYard has invested in AirTM, a Mexican blockchain startup that raised $7 million to expand its online payment services across Latin America, highlighting their focus on financial technology and foreign exchange services. Additionally, they participated in funding rounds for Cryptio, an enterprise-grade back-office platform for cryptocurrency transactions, which raised $10 million and $15 million in separate Series A rounds. These investments reflect BlueYard's commitment to advancing decentralized solutions and their relevance in the foreign exchange service industry.


15. BlueOrchard Finance Ltd


BlueOrchard Finance Ltd is an investment management firm based in Zurich, Switzerland, specializing in impact investing. Founded in 2001, the firm offers a range of investment products aimed at generating social and environmental impact alongside financial returns. They operate globally, focusing on emerging and frontier markets. Notably, BlueOrchard has participated in significant transactions such as the investment in Wave Mobile Money, which aims to enhance digital payments and mobile money services in West Africa, a region where foreign exchange services are crucial for economic activity. Additionally, their financing of Access Bank, a major financial institution in Nigeria, further underscores their involvement in the financial services sector, which includes foreign exchange operations. Their clients include institutional and private investors looking to align their investments with impactful outcomes, making them a relevant player in the financial landscape.


16. Tamedia

  • Website: tamedia.ch
  • Type: Corporate
  • Headquarters: Boswil, Aargau, Switzerland
  • Founded year: 1893
  • Headcount: 1001-5000
  • LinkedIn: tamedia

Tamedia is a corporate investor based in Boswil, Aargau, Switzerland, founded in 1893. It is primarily a media company specializing in journalism and publishing, offering a range of products including newspapers and digital news platforms. In addition to its core media operations, Tamedia has made strategic investments in the fintech sector, particularly in companies that operate within the foreign exchange service context. Notably, Tamedia led a Series A financing round for Monito, a platform that compares international money transfer services, raising US $2.5 million. This investment highlights Tamedia's interest in enhancing consumer awareness regarding money transfer fees and potential savings. Furthermore, Tamedia has also invested in other fintech companies like Neon and Lykke, which, while not directly focused on foreign exchange, contribute to the broader financial services landscape. These transactions reflect Tamedia's commitment to diversifying its investment portfolio and engaging with innovative financial solutions.


17. HV Capital

  • Website: hvcapital.com
  • Type: Venture Capital
  • Headquarters: Flensburg, Schleswig-Holstein, Germany
  • Founded year: 2000
  • Headcount: 11-50
  • Number of deals in 2024: 28
  • LinkedIn: hvventures

HV Capital is a venture capital firm based in Flensburg, Schleswig-Holstein, Germany, founded in 2000. With over €2.8 billion under management, HV Capital specializes in investing in digital companies and supporting entrepreneurs from seed stage to exit. The firm has been actively involved in the fintech sector, with notable investments including Payrails, which raised a total of $20.8 million to enhance its financial operations platform. Additionally, HV Capital has invested in Penta, a company that provides banking services for businesses, further emphasizing their focus on financial technology. These transactions highlight HV Capital's commitment to fostering innovation in the financial services landscape, making them a significant player in the fintech space.


18. TA Ventures

  • Website: taventures.vc
  • Type: Venture Capital
  • Headquarters: Frankfurt, Hesse, Germany
  • Founded year: 2010
  • Headcount: 11-50
  • Number of deals in 2024: 5
  • LinkedIn: ta-ventures

TA Ventures is a venture capital firm based in Frankfurt, Hesse, Germany, founded in 2010. The firm specializes in early-stage technology startups across multiple sectors, including HealthTech and FinTech. With a focus on providing capital and strategic support, TA Ventures aims to help startups thrive in competitive markets. Notably, TA Ventures participated in a seed funding round for Utorg, a crypto superapp that enables users to convert fiat currency to cryptocurrency, highlighting its engagement in the foreign exchange service context. Additionally, the firm has invested in various other technology startups, showcasing its commitment to fostering innovation across different industries.


19. Discovery Ventures


Discovery Ventures is a venture capital firm based in Berlin, Germany, specializing in early-stage technology investments. The firm primarily targets sectors such as Fintech, B2B SaaS, and Artificial Intelligence, providing both financial backing and strategic support to tech entrepreneurs. In 2022, they participated in the seed round for Kadmos, which raised $9,443,801, indicating a focus on financial technology solutions that could include foreign exchange services. Additionally, they were involved in the funding of Unstoppable Finance, a DeFi wallet startup, which aligns with the growing trend of decentralized finance and could intersect with foreign exchange services. Their investment strategy aims to support companies from ideation to pre-IPO stages, making them a potentially valuable partner for startups in the foreign exchange service industry.



Foreign Exchange Service Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
SpeedinvestVienna, Vienna, Austria51-200201145
Deutsche BankFrankfurt, Hesse, Germany10001+187032
Deutsche BörseEschborn, Hesse, Germany10001+19903
SixZurich, Zurich, Switzerland1001-500020088
Picus CapitalMunich, Bavaria, Germany11-50201528
Point NineBerlin, Berlin, Germany11-50201116
CommerzVenturesFrankfurt, Hesse, Germany1-1020146
Laser DigitalZurich, Zurich, Switzerland51-200202225
SymbioticsGeneva, Geneva, Switzerland51-20020041
tokentus investment AGFrankfurt, Hesse, Germany1-1020190
1kxBerlin, Berlin, Germany11-50201819
responsAbility Investments AGZurich, Zurich, Switzerland201-50020039
L1d AgZurich, Zurich, Switzerland11-5020185
BlueYard CapitalBerlin, Berlin, Germany1-1020169
BlueOrchard Finance LtdZurich, Zurich, Switzerland51-200200115
TamediaBoswil, Aargau, Switzerland1001-500018930
HV CapitalFlensburg, Schleswig-Holstein, Germany11-50200028
TA VenturesFrankfurt, Hesse, Germany11-5020105
Discovery VenturesBerlin, Berlin, Germany1-103


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